TULSA, OK, United States, via ETELIGIS INC., 09/30/2014 – – Bayport International Holdings (OTC Pink: BAYP) (PINKSHEETS: BAYP), along with its new wholly owned subsidiary E3 Petroleum Corp are pleased to announce the signing with a SEI energy, LLC to become purchaser of Gas and Crude as well as operate the new acquisition in Wayne County, West Virginia. As the company has many phases of the rework, completion and further production in plan, we would like to share the more immediate phases of operations.
Currently we are in phase one of production. We are initiating an aggressive swabbing program to work on thirty Gas wells on the 12,000 acres to increase our mcf range, afterwards our current rate of Mcf estimate to range from 150 to 200 Mcf per day. Phase two will consist of reworking and completing three oil wells on the property. We estimate after the rework and completion of each of the three Oil wells will deliver fifth teen or more bbls per day. We will share updates as we move forward on new phases of the Wayne County, West Virginia Oil Gas Project.
Properties are located in Wayne County, West Virginia. They Include 125 oil and gas wells, testing facilities and a 22 mile gathering system within 12,000 acres. Shareholders can view some of the legal documents here:
In the name type: E3 Petroleum
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PACIFIC EQUITY ALLIANCE LLC
Zachary R. Logan / Drew S. Phillips
Contact phone: 858.886.7237
SOURCE: Bayport International Holdings